Cheniere Energy Partners (NYSE:CQP) Price Target Cut to $55.00 by Analysts at Morgan Stanley

Cheniere Energy Partners (NYSE:CQP) had its price target cut by Morgan Stanley from $71.00 to $55.00 in a report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also recently issued reports on the company. Bank of America dropped their price objective on Cheniere Energy Partners from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cheniere Energy Partners in a report on Monday, December 29th. Zacks Research downgraded shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Citigroup lowered their price target on shares of Cheniere Energy Partners from $51.00 to $49.00 and set a “sell” rating for the company in a report on Monday, January 12th. Two research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Cheniere Energy Partners currently has an average rating of “Strong Sell” and an average price target of $54.00.

Cheniere Energy Partners Price Performance

Shares of CQP stock opened at $59.44 on Tuesday. The stock has a market capitalization of $28.77 billion, a price-to-earnings ratio of 15.48 and a beta of 0.42. The company’s fifty day simple moving average is $55.93 and its two-hundred day simple moving average is $54.24. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $68.42.

Cheniere Energy Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 9th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, February 9th. Cheniere Energy Partners’s dividend payout ratio is presently 80.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Cheniere Energy Partners by 180.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 476 shares of the company’s stock valued at $27,000 after acquiring an additional 306 shares during the period. Larson Financial Group LLC lifted its stake in shares of Cheniere Energy Partners by 68.3% in the 3rd quarter. Larson Financial Group LLC now owns 505 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares during the period. Caldwell Trust Co purchased a new position in shares of Cheniere Energy Partners in the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its position in Cheniere Energy Partners by 25.5% during the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the company’s stock valued at $52,000 after buying an additional 188 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Cheniere Energy Partners during the fourth quarter valued at approximately $51,000. 46.55% of the stock is owned by institutional investors.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (NYSE: CQP) is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership’s business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP’s assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company’s core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.